M.M. Kumar
The NCLT has so far decided more than 655 cases under the Insolvency and Bankruptcy Code while all efforts are made to stick to the timelines, the tribunal’s President Justice (Retd) M. M. Kumar said.
A case is taken up for resolution under the Code only after getting clearance from the National Company Law Tribunal (NCLT).
“We have already decided at the NCLT more than 655 cases under the IBC. “We have made all efforts to keep the time line,” Kumar said here at an event to launch a book and a website on the Code.
Some corporate debtors have also tried to misuse provisions of the Code and the tribunal has discouraged it.
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